[ad_1] While the leading cryptocurrency Bitcoin (BTC) fell to $ 88,000 with a sharp decline, the risk of further decline continues. At this point, analysts state that Bitcoin could test the next support levels, with one analyst stating that the price could drop to $81,600. Galaxy Digital research president Alex Thorn announced the critical levels for Bitcoin in his post from the X account. Thorn, who used the URPD indicator in this analysis, which shows the amount and price at which Bitcoin was purchased, stated that there was almost no transaction in BTC between $ 75,000 and $ 85,000. According…
Author: NBTC
[ad_1] Ethereum price started a fresh increase from the $2,080 zone. ETH is now back above $2,400 and facing hurdles near the $2,550 level. Ethereum started a decent increase above the $2,350 resistance zone. The price is trading above $2,350 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $2,240 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $2,500 and $2,550 resistance levels to continue higher. Ethereum Price Rallies 10% Ethereum price extended losses below $2,200 before the bulls appeared, like Bitcoin. ETH…
[ad_1] ‘Highly speculated on, but frustratingly vague’ is a sentence that can be used to describe Jeffrey Epstein’s links to almost anything in the world in the last two decades, and cryptocurrency is no different. Indeed, despite him being a ‘level three’ sex offender – deemed likely to repeat the offence – digital assets media welcomed the billionaire financier as something of a counterweight to JPMorgan’s (NYSE: JPM) Jamie Dimon. At the time, Dimon was already known as an exceptionally harsh cryptocurrency critic, making Epstein’s credibility as a businessman important for the industry’s legitimacy after he commented on Bitcoin’s (BTC)…
[ad_1] Jupiter’s founder, Meow, has announced plans to lock 280 million JUP tokens (worth over $204 million) that he personally holds until 2030, following the launch of the first JUP token repurchase initiative. This decision comes as part of a broader strategy to ensure the long-term stability and growth of the Jupiter ecosystem. Jupiter’s Long -Term Strategy: Founder Locks 290 Million JUP In a recent article, Meow outlined the future development plan for JUP tokens, presenting a comprehensive long-term strategy centered around the “GOAT Framework,” i.e., Governance, Transparency, Organic growth, and Synergy. As part of this framework, Meow revealed three…
[ad_1] The crypto market experienced a severe downturn on Tuesday, and according to many on-chain metrics marked a bottom in bitcoin’s (BTC) price. The total crypto market capitalization hovered just above $2.7 trillion—marking a nearly $1 trillion wipeout since its peak in December 2024, according to TradingView data. Several indicators suggest that Tuesday’s sell-off may have marked a local bottom. Andre Dragosch, Head of Research at Bitwise Europe, highlighted that the Crypto Asset Sentiment Index hit its lowest level since August, coinciding with the unwinding of the yen carry trade, which saw bitcoin make a bottom at around $49,000. “The…
[ad_1] As Bitcoin reached $95,000 momentarily, the broader market recovery propelled the altcoin market segment to $1.24 trillion. With the broader market recovery, the Ethereum price surged to nearly $2,550. The overnight recovery of 13.62% in ETH, has challenged the center pivot level and marked a positive cycle within a falling channel pattern. Will this recovery in Ethereum reach the $3,000 psychological mark? Ethereum Recovery Starts Recovery Within Bearish Channel In the daily chart, the ETH price action reveals a positive reversal within a falling channel pattern. The bullish recovery comes from the crucial support level at $2,200 near the…
[ad_1] The Hong Kong arm of ChinaAMC has introduced a tokenized money market fund in a bid to expand blockchain-based investment options for retail investors. China Asset Management (Hong Kong), a subsidiary of one of China‘s largest fund houses, has launched Hong Kong‘s first retail tokenized money market fund in a collaboration with Hong Kong-based crypto exchange OSL. The so-called ChinaAMC HKD Digital Money Market Fund, approved by the Securities and Futures Commission, offers retail investors blockchain-based access to money market assets, the South China Morning Post reports. Standard Chartered Bank (Hong Kong) serves as the tokenization agent, digital platform…
[ad_1] Ondo Finance has launched a campaign on Sui’s NAVI Protocol to drive adoption of its yield-bearing stablecoin USDY. Ondo Finance (ONDO) has launched a new campaign in collaboration with NAVI Protocol, aiming to encourage more people to use its stablecoin USDY, a tokenized US Treasury yield coin by Ondo Finance. Running from Feb. 26 to March 12, the initiative offers participants a chance to earn rewards by supplying liquidity for USD (depositing it into NAVI Protocol). Participants earn points based on their liquidity contributions, making them eligible for a share of the rewards, which will be paid in NAVX…
[ad_1] Bitcoin is trading under $90,000, marking its lowest point in a month. The cryptocurrency has fallen over 7% this week, currently hovering around $88,948. However, according to PlanB, the creator of the Bitcoin Stock-to-Flow (S2F) model, these price corrections are normal in Bitcoin’s growth cycles. In a post on X (formerly Twitter), PlanB pointed out that back in the 2016-2017 bull market (which the current market cycle is copying), Bitcoin had several price drops of more than 30% before reaching new all-time highs. The analyst backed up his claims by posting a price chart of BTC during that time.…
[ad_1] Ethereum’s price has recently experienced a massive drop, coming much earlier than expected, as ETH has failed to make a new all-time high like Bitcoin. Yet, the bull market for the second-biggest crypto might not have begun yet. Technical Analysis By Edris Derakhshi (TradingRage) The Daily Chart On the daily chart, it is evident that the price has been making lower highs and lows since December 2024 after failing to break above the $4,000 resistance level. The 200-day moving average, located around the $2,900 mark, has also been lost, as ETH has lost more than a third of its…